Johor Recorded 16 cases of Investment Fraud Totaling Losses of RM1.08 Million

Johor Police Chief named over 10 investment frauds and shares how it found victims

Johor Police Chief Datuk Kamarul Zaman Mamat’s statement uploaded in Polis Johor’s Facebook page

From 20th to 26th October 2023, Johor had sixteen cases of investment fraud, with losses totaling RM1.08 million.

Johor Police Chief Datuk Kamarul Zaman Mamat said the victims’ losses ranged from RM300 to RM315,469 each.

He stated that the reported fraud investments included Pslus Aers, Bitcoin, Fxpro, BF8 Coin, Sedia Investment Promotion, MIDF, Aico Application, Crypto Yomaex, Domain, Plan Basic LN (606) and Delta.

“The modus operandi used by the scammers is by offering victims to participate in investments that promise lucrative profits in a short time,” he said in a statement.

He advised the public to always be vigilant and take precautionary measures, especially when dealing with money.

Kamarul Zaman added that the public should always follow the Commercial Crime Investigation Department’s (JSJK) social media pages to get the most up-to-date information on white-collar crime tactics.

“As a first step, please contact the National Scam Response Centre (NSRC) at 997 to prevent the outflow of money,” he added.